TX
Texas House Bill HB902

Texas 2015 - 84th Regular

Texas House Bill HB902

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to a clarification of the law governing eligibility of National Association for Stock Car Auto Racing events for funding under the Major Events trust fund.

Impact

The ramifications of HB 902 are notable for the sports community in Texas, as it reinforces support for major sporting events recognized internationally. By clarifying the criteria for the Major Events trust fund, the bill can lead to increased economic activity in local areas that host NASCAR events, benefiting businesses and the tourism industry. The accessibility of state funds could also promote more sporting events within Texas, aligning with the state's goal to attract major sports institutions and boost its reputation as a premium location for significant sporting activities.

Summary

House Bill 902 aims to clarify the eligibility criteria for certain events to receive funding from the Major Events trust fund in Texas. The bill specifically addresses the National Association for Stock Car Auto Racing (NASCAR) events, affirming their eligibility for financial support under state law. This legislative measure seeks to remove any ambiguities regarding funding qualifications for sporting events, particularly those involving high-profile organizations like NASCAR. By doing so, it intends to streamline the process through which these events can access funding, potentially increasing their financial viability and presence in Texas.

Contention

While the bill primarily serves a clarifying purpose, it may stir discussions concerning the prioritization of funding for elite sports organizations over local sporting events or community-based programs. Critics may argue that the allocation of state funds to high-profile events like NASCAR, which already has substantial corporate backing, could detract from funding opportunities for grassroots sports or less commercially viable events. Thus, the bill may face scrutiny regarding the broader implications of state funding distribution and the potential impacts on local communities and their sporting endeavors.

Companion Bills

TX SB293

Identical Relating to a clarification of the law governing eligibility of certain events for funding under the Major Events trust fund.

Previously Filed As

TX SB2325

Relating to the eligibility of certain events for funding under the Major Events Reimbursement Program.

TX SB1118

Relating to the eligibility of certain events for funding under the major events reimbursement program.

TX HB2231

Relating to the eligibility of certain events for funding under the major events reimbursement program.

TX SB874

Relating to the eligibility of certain cricket events for funding under the major events reimbursement program.

TX HB4805

Relating to the eligibility of certain cricket events for funding under the major events reimbursement program.

TX HB4264

Relating to the eligibility of the National Reined Cow Horse Association Championship Series for funding under the major events reimbursement program.

TX HB1950

Relating to the major events reimbursement program, including event funding eligibility, site selection organizations, and single event and single year classifications.

TX HB4419

Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones.

TX HB3946

Relating to eligibility requirements for certain events under the major events reimbursement program and the events trust fund.

TX SB1158

Relating to single event classification for eligibility under the major events reimbursement program.

Similar Bills

No similar bills found.